2807 Shattuck Avenue, Berkeley, CA 94705
- $1,995,000
- 5,000
- SqFt
- List Price
- $1,995,000
- Status
- ACTIVE
- MLS#
- ML82056468
- Year Built
- 1896
- Property Type
- Other
- Living Area
- 5,000
- Lot Size
- 5,760
- Acres
- 0.13
- County
- Alameda
- Subdivision
- Ca
Property Description
Chateau Shattuck is a rare 8-unit apartment community just steps away from UC Berkeley. This Victorian-style building offers a desirable unit mix of (5) studios, (2) 1 Bed 1 Bath, and (1) 3-bed 1 Bath unit. Strong, stable rental income $146,000 gross annual income and $98,000 NOI, reflecting a 4.6% cap rate at the current offering. Individually metered gas and electric by unit, on-site laundry facilities, parking lot in back and upside potential through unit-level renovations, rent optimization and ADU potential. An excellent addition to any multifamily portfolio in one of the East Bay's most enduring rental markets.
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Additional Information
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- Downtown, Hills
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Listing courtesy of Travis Raciti from Luxmore Real Estate. 925-899-3985
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